Primex shareholders approved the agreement by more than a two-thirds majority of the company's outstanding shares, stated a release from Primex officials.

After the agreement closes, Primex will be known as General Dynamics Ordnance and Tactical Systems, a business unit within the General Dynamics Combat Systems Group. Closing is projected to be as early as Jan. 26.

Primex and General Dynamics are military defense contractors. No information has been released on whether the acquisition will have any effect on Primex's 2,850 local employees or the plant's operations.